Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "How History Works"
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Unfortunately, it's not the students you need to convince, but the rest of society. Snobbery is a thing, and even though it's true "where there's muck there's brass," not everyone wants to do a trade or even has a talent for one. Also, trades requiring apprenticeships, means often subsisting on relatively low pay for several years. Until society, or more specifically, those who run society restructure the world of work as a social hierarchy, there are no guarantees. Trades suffer barriers to entry too. Trade colleges and apprenticeships often replicate social hierarchies like nepotism, racism, etc. So this video oversimplifies in its conclusions. Capitalism has competition it's heart but it's suffers the same gaming of the system as the rest of society. Hamsters on a wheel not of our own making? What if we stepped off and carfefully examined the probabilities?
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The UK may be here but it's role in global affairs is very much diminished. The only really influential artefact of that empire is the pervasive influence of English. What we have left is a remnant of what was before. Even as late as post-world War I, the writing was on the wall, as the Americans put a massive hole in the British Economy. That after Britain's rivals catching up industrially, was the beginning of the end of Britain's global hegemony.
Wevre here, but not in the driving seat as before. And with many problems that we have no influence on. After all, the Americans dominated the global economy, and set its agenda. We could only adapt to that shift in influence, and arguably we're still working on that. And as our economy shifted away from manufacturing to a service economy with less security and pay for workers, and embraced neoliberalism and financialisation, that made us especially vulnerable to 2008. And we've seen people get angry about globalisation, a process which we helped to begin by having an empire. But it's always hard to deal with such a change. It's just the boot is on the other foot now, and making the best of that is all we can do. And that means not sitting on our laurels, and being prepared to start afresh without taking anything for granted.
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Nationalisation will not help an industry that fails to innovate and falls behind it's rivals. And whose capitalists gave up and offshored jobs instead of competing.
Sadly, we live in an era where profit is the priority instead of people, and your economy has been shaped by that thinking, which is unsystemic and short-termist. America had a unique advantage after World War 2, but had conflicting priorities. The Pax Americana had to become an economic global empire. In spreading the reach of the US Dollar, it also created the opportunity for rivals to recover and eventually compete with it. That was something they didn't foresee. They had to make USD King, because everyone would need USD, and imports would be cheaper, but that also had a price. To provide all the USD the world needed, America had to increase it's foreign imports. Cheap imports meant that domestic firms couldn't compete and stopped innovating. Instead they began focusing on cutting costs, and cutting capital investment, and executives were rewarded for paying dividends, rather than expanding their capital investment. This would become a downward driver of America industry. So it was the conflicting goals and short-termist thinking of those who ran the American economy which created the shift from a mixed economy, to one dominated by services rather than manufacturing.
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The Danish East India Company was a Danish-Norwegian chartered company that operated in India and had two periods of existence:
1616–1650: The first Danish East India Company operated during this period.
1670–1729: The second Danish East India Company operated during this period, and was re-founded as the Asiatic Company in 1730. It Established factories
The company established its first factory in Tranquebar, Tamil Nadu in 1620, and another in Serampur, Bengal in 1676.
In the 19th century, the company sold all of its settlements to the British and returned to Denmark. The sale included Serampore in 1839, Tranquebar and most minor settlements in 1845, and all Danish rights to the Nicobar Islands in 1868.
Sold to the British
In the 19th century, the company sold all of its settlements to the British and returned to Denmark. The sale included Serampore in 1839, Tranquebar and most minor settlements in 1845, and all Danish rights to the Nicobar Islands in 1868.
See... Google it and learn something.
The Dutch VOC and the British EIC stayed in Asia after Denmark exited. The VOC went bust. The British EIC outlasted it's remaining rival, the VOC, until it too went bankrupt and was dissolved, and the British state took over its Indian operations.
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